Concordium, an L1 blockchain focused on compliant payments, announced a partnership with Ledger, a global provider of digital asset security. This integration will enable millions of Ledger users to make payments with verified private stablecoins directly from their hardware wallets.
Through Concordium’s protocol-level identity system and zero-knowledge proof technology, users can verify desired attributes such as age and location without revealing personal data. This feature supports stablecoin transactions on the Concordium network and maintains privacy while meeting regulatory requirements.
Ledger users can also manage their Concordium accounts, sign transactions, and stake CCD, the network’s native token, within Ledger’s security framework. This system has built-in identity verification and disclosure mechanisms to ensure that information is only shared based on lawful procedures.
Image: Freepik
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